26-Apr-2024
6 out of 8 S&P500 communications services stocks deliver EPS wins this week: Earnings Scorecard
Seeking Alpha News (Fri, 26-Apr 12:51 PM ET)
Verizon, General Motors And More On CNBC's 'Final Trades'
Benzinga (Fri, 26-Apr 9:05 AM ET)
Verizon receives 2024 ENERGY STAR Award for 12th consecutive year
Globe Newswire (Fri, 26-Apr 9:00 AM ET)
Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge Fund
Globe Newswire (Fri, 26-Apr 8:00 AM ET)
FCC votes to bring back net neutrality rules
Seeking Alpha News (Fri, 26-Apr 3:24 AM ET)
Verizon Stock (NYSE:VZ): The Dividend Remains Safe, For Now
TipRanks (Thu, 25-Apr 3:48 PM ET)
Verizon gives customers more peace of mind with enhanced Home Device Protection service
Globe Newswire (Thu, 25-Apr 9:00 AM ET)
RBC Capital Keeps Their Hold Rating on Verizon (VZ)
TipRanks (Wed, 24-Apr 9:45 PM ET)
Verizon to offer Latin music fans the chance to win a VIP experience at La Onda
Globe Newswire (Wed, 24-Apr 4:00 PM ET)
Verizon readies for 2024 wildfire season
Globe Newswire (Wed, 24-Apr 11:00 AM ET)
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
Verizon Communications trades on the NYSE stock market under the symbol VZ.
As of April 26, 2024, VZ stock price climbed to $39.68 with 14,588,148 million shares trading.
VZ has a beta of 0.30, meaning it tends to be less sensitive to market movements. VZ has a correlation of 0.02 to the broad based SPY ETF.
VZ has a market cap of $167.05 billion. This is considered a Large Cap stock.
Last quarter Verizon Communications reported $33 billion in Revenue and $1.15 earnings per share. This fell short of revenue expectation by $-259 million and exceeded earnings estimates by $.03.
In the last 3 years, VZ stock traded as high as $59.85 and as low as $30.14.
The top ETF exchange traded funds that VZ belongs to (by Net Assets): VTI, VOO, SCHD, SPY, IVV.
VZ has underperformed the market in the last year with a return of +14.6%, while the SPY ETF gained +27.4%. In the last 3 month period, VZ fell short of the market, returning -4.8%, while SPY returned +4.6%. However, in the most recent 2 weeks VZ has outperformed the stock market by returning -0.1%, while SPY returned -0.5%.
VZ support price is $38.74 and resistance is $39.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VZ stock will trade within this expected range on the day.